Leonardo DRS, Inc. (NASDAQ:DRS – Get Free Report) has been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have covered the stock in the last year is $18.80.
A number of equities analysts have weighed in on DRS shares. Truist Financial lifted their price objective on Leonardo DRS from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Bank of America started coverage on Leonardo DRS in a research note on Wednesday, September 27th. They set a “buy” rating and a $20.00 price objective for the company.
Leonardo DRS Stock Down 0.3 %
Institutional Trading of Leonardo DRS
Several institutional investors have recently made changes to their positions in the company. Glenmede Trust Co. NA purchased a new stake in shares of Leonardo DRS during the 3rd quarter valued at approximately $550,000. Schonfeld Strategic Advisors LLC purchased a new stake in Leonardo DRS in the third quarter valued at approximately $305,000. Trexquant Investment LP purchased a new stake in Leonardo DRS in the third quarter valued at approximately $415,000. Natixis Advisors L.P. raised its position in Leonardo DRS by 3.5% in the third quarter. Natixis Advisors L.P. now owns 98,948 shares of the company’s stock valued at $1,653,000 after purchasing an additional 3,353 shares during the period. Finally, Covestor Ltd purchased a new stake in Leonardo DRS in the third quarter valued at approximately $173,000. Hedge funds and other institutional investors own 18.76% of the company’s stock.
Leonardo DRS Company Profile
Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products, systems, and military support service. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.
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